Omega Healthcare Investors Inc (NYSE:OHI) – Stock analysts at Jefferies Financial Group cut their Q2 2020 earnings per share (EPS) estimates for shares of Omega Healthcare Investors in a research report issued to clients and investors on Wednesday, May 29th, according to Zacks Investment Research. Jefferies Financial Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $0.77 per share for the quarter, down from their previous forecast of $0.79. Jefferies Financial Group also issued estimates for Omega Healthcare Investors’ Q3 2020 earnings at $0.79 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $3.12 EPS.
A number of other brokerages also recently weighed in on OHI. ValuEngine downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.05.
Shares of NYSE:OHI traded down $0.67 during mid-day trading on Monday, reaching $36.37. The stock had a trading volume of 1,819,652 shares, compared to its average volume of 1,715,889. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 4.95 and a beta of 0.42. The stock has a 50 day moving average of $36.63. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.86 and a current ratio of 2.86. Omega Healthcare Investors has a twelve month low of $28.65 and a twelve month high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.37). The firm had revenue of $188.20 million during the quarter, compared to analyst estimates of $190.54 million. Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share.
In other news, CEO C Taylor Pickett sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 269,133 shares of the company’s stock, valued at approximately $10,227,054. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the transaction, the chief financial officer now directly owns 223,326 shares of the company’s stock, valued at $8,486,388. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,788 shares of company stock valued at $3,896,856. 1.16% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Harvest Group Wealth Management LLC bought a new position in shares of Omega Healthcare Investors during the 1st quarter worth approximately $114,000. State of Tennessee Treasury Department grew its stake in shares of Omega Healthcare Investors by 18.2% during the 1st quarter. State of Tennessee Treasury Department now owns 194,980 shares of the real estate investment trust’s stock worth $7,438,000 after acquiring an additional 30,000 shares in the last quarter. Harvest Investment Services LLC bought a new position in shares of Omega Healthcare Investors during the 1st quarter worth approximately $253,000. Great West Life Assurance Co. Can grew its stake in shares of Omega Healthcare Investors by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 137,750 shares of the real estate investment trust’s stock worth $5,251,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Omega Healthcare Investors by 16.1% during the 1st quarter. Private Advisor Group LLC now owns 52,791 shares of the real estate investment trust’s stock worth $1,994,000 after acquiring an additional 7,335 shares in the last quarter. 69.29% of the stock is owned by institutional investors.
About Omega Healthcare Investors
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.